On 23 October 2015, the IAIS published the findings of its self-assessment and peer review of the Insurance Core Principles (ICP) 9 (Supervisory Review and Reporting), 10 (Preventative and Corrective Measures) and 11 (Enforcement).  This report assessed the observance of the ICPs by national supervisors.  Key challenges identified in the context of observing the ICPs include a lack of supervisor powers/flexibility to meet the object of the ICP; and the non-binding nature of the expectations (resulting in less effective enforcement).